What is purchaser/remitter cross reference in SAP (IS-OIL-PRA-REV - Revenue)?

SAP Term: purchaser/remitter cross reference

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: A function that identifies the party responsible for remitting payment when the party responsible is someone other than the purchaser. Because many different remitters may exist for a single purchaser, the remitter information is specific to a property/DOI, product, and either a well completion or measurement point.

Smart SAP Assistant

• Key Concepts: 
  Purchaser/Remitter Cross Reference is a feature in the IS-OIL-PRA-REV Revenue Reconciliation component of SAP. It allows users to link a purchaser to a remitter, so that the remitter can be identified when payments are received. This helps to ensure that the correct payment is received and that the revenue is properly accounted for. 
  
  How to use it: 
  To use the Purchaser/Remitter Cross Reference feature, users must first create a cross reference record. This record contains information about the purchaser and remitter, such as their names, addresses, and contact information. Once the record is created, it can be used to link payments to the correct remitter. 
  
  Tips & Tricks: 
  When creating a Purchaser/Remitter Cross Reference record, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that payments are correctly linked to the correct remitter. Additionally, it is important to keep track of any changes in contact information or other details, as this could affect how payments are linked. 
  
  Related Information: 
  For more information on using the Purchaser/Remitter Cross Reference feature in SAP IS-OIL-PRA-REV Revenue Reconciliation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.